Shaw 2011 Annual Report Download - page 122

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2011, 2010 and 2009
[all amounts in thousands of Canadian dollars except share and per share amounts]
Reconciliation of accrued benefit obligation to
Consolidated Balance Sheet accrued pension benefit liability
2011
$
2010
$
Balance of unamortized pension obligation:
Past service costs 30,267 36,043
Actuarial loss 137,545 104,264
167,812 140,307
Accrued pension benefit liability recognized in Consolidated Balance
Sheet:
Accounts payable and accrued liabilities 8,796 1,448
Other long-term liabilities 157,320 132,839
166,116 134,287
Accrued benefit obligation, end of year as above 333,928 274,594
The tables below show the significant weighted-average assumptions used to measure the
pension obligation and cost for this plan.
Accrued benefit obligation
2011
%
2010
%
Discount rate 5.50 5.75
Rate of compensation increase 5.00 5.00
Benefit cost for the year
2011
%
2010
%
2009
%
Discount rate 5.75 6.75 6.25
Rate of compensation increase 5.00 5.00 5.00
118